Is Fremont Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Fremont Township has remained a Seller's Market.
Housing Prices in Fremont Township, MI
How much do homes in Fremont Township, MI cost?
Median Sold Price
$225,061
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fremont Township was $225,061 in May 2024, up 12.5% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $118.5K | $119.5K | +0.8% |
2 Bedrooms | $150K | $180K | +20.0% |
3 Bedrooms | $187K | $225K | +20.4% |
4 Bedrooms | $268.5K | $299.7K | +11.6% |
5+ Bedrooms | $371K | $256K | -31.0% |
Summary: Fremont Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.8%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 20.4%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes decreased by 31%.
Median Sold Price Compared To Nearby Cities
Lincoln Township | $141K | $195K | +38.3% |
Fremont Township | $200K | $225K | +12.5% |
Deerfield Township | $204K | $219K | +7.4% |
Richland Township | $331.2K | $322.5K | -2.6% |
Housing Supply in Fremont Township, MI
How many homes are available in Fremont Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
41 | 36 | -12.2% |
Summary: The Fremont Township real estate market had 36 homes for sale in May 2024, a 12.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 18 | 14 | -22.2% |
4 Bedrooms | 11 | 7 | -36.4% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Fremont Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 8 | -27.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Fremont Township in May 2024, down by 27.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Fremont Township, MI
How long does it take to sell a home in Fremont Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 59 Days | +127.1% |
Summary: Homes in Fremont Township had an average of 59 days on market in May 2024, up by 127.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Fremont Township; 50% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.